Financial Details
Asking price: £295,000
Sales revenue: £240,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
HISTORY

The vendor has been in ownership for the last 10 years. A well known and respected business throughout the areas covered in the West Midlands.

REASON FOR SALE

Retirement

PRODUCTS & SERVICES

All dry cleaning work is undertaken ranging from hotel linen to wedding dresses.

CUSTOMERS

Customers are both commercial (approximately 15 contracts) - which is collected and brought back to the factory, and domestic, which is generally taken to the retail shops.

STRENGTHS

• Very well established
• Excellent locations
• Good commercial contracts (verbal)
• Security
• Strong margins and sales
• Superb freehold and leasehold premises
• All the machinery is bought and paid for

The business is offered Freehold for £295,000 + Sav or Leasehold for £50,000 +sav



DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Employees:The vendor works in the business, as and when required, but is generally on the factory premises full time
Property:Freehold
Location:• Dry cleaning factory located in freehold premises on busy industrial estate in Birmingham
• 2 x leasehold retail shop units located in busy districts of Birmingham and Coventry
• All benefit from excellent car parking and access to main road networks
• Highly prominent central trading positions
Premises Details:The factory premises benefits from
• 4 offices
• Large open layout with all cleaning equipment installed
• Total size of approximately 4,800sqft
• Excellent car parking and delivery access
We are waiting for confirmation of the Coventry and Birmingham shop units’ sizes and layouts.

Coventry Shop

Main road location.

Ground Floor:
• Large single fronted shop.
• Main sales area with clothing and shoe displays.
• Changing room and sales counter.
• Service area to the rear, which includes key cutting.
• Office
• W/C

First Floor:
• Self contained apartment (currently occupied on a 6 month lease for £500 per month)

Birmingham Shop

• Main road location
• Large single fronted shop
• Offers key cutting and shoe repairs behind the counter.
• Large area to the rear of the shop that is currently rented out to another business.
Expansion potential:• Ideal for a working couple or partnership • Introduction of a website to increase sales • Further promotion and advertising • Increase commercial contracts • Increase domestic sales
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